Demographics

Catchy hed: Beijing has more billionaires than LA

The actual headline at Atlantic Cities is More Billionaires Live in Beijing Than in Los Angeles. Excerpt from the story:

Only 10 people around the globe joined the nine-figure club between July 2012 and June 2013, an increase of 0.5 percent, according to a new study by Wealth-X, a research firm, and UBS, an investment bank....


China minted 10 new billionaires, bringing its total to 157, the biggest increase of any country in the world. Much of China's billionaire wealth is sloshing around China's big cities. Notably, even though the report counts Hong Kong separately, 18 of its 30 billionaires originally came from mainland China. (Hong Kong is where many mainland companies are incorporated; the study locates individual billionaires based on the headquarters of their primary business). As you can see, Beijing's fat cats are more numerous than Hollywood moguls, Silicon Valley tycoons, oil barons and people surnamed Pritzker.

Now to the relevant graphics.

billionaires-in-chinese-cities.jpg

billionaires-in-us-cities.jpg


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